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Article: The changing shape of retirement
- Article from:
- THE JOURNAL RECORD
- Article date:
- April 13, 1998
- Author:
CopyrightCopyright 1998 The Journal Record. Provided by ProQuest LLC. (Hide copyright information)
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Seeing Grandma bag burgers at McDonald's or greet shoppers at Wal-
Mart is no surprise, but having her do your taxes or handle your
mortgage is not far off. It's the aging of America, and with fewer
workers saving sufficiently for the future, the elderly likely will
toil past traditional retirement age.
Though most Americans envision themselves with ample money playing
golf or honing their Mahjongg skills after retirement, reality may be
bleaker.
"Figures show Americans have only saved about one-third as much as
they need to retire," says Jonathan Forman, a recent presidential
appointee to the National Summit on Retirement Savings in June. "It
could be unpleasant for a lot of people."
He'd ...